Large Holland Rise GCB plot on the market for $106 mil
The spot is near to Holland Village MRT Terminal on the Circle Line. This indicates it is close to the F&B plus lifestyle services in the Holland Village place. This features the upcoming One Holland Village mixed-use project, Holland Drive Market & Food Centre, Chip Bee Gardens, also a range of coffee shops around Lorong Mambong.
The site is situated off Holland Road in prime District 10 including the plot of property exists in just the premium Holland Rise GCB spot. According to news agency introduction, the site is convenient through 2 various dead ends, one at Holland Rise and even the other at East Sussex Lane.
Based upon research by Knight Frank, recent GCB transactions in the vicinity include the sale of 54 Cornwall Gardens for $47 million, showing a land price of $2,162 psf. At the same time, the GCB at 32 White House Park was sold for $45.5 million, or $3,017 psf on the property area.
“Given the limited supply of prime landed houses, especially a significant one like this, combined with good interest from overseas ultra-high-net-worth families that are eager to pay leasing premiums for this type of properties, we assume eager attraction for this list,” claims Sai.
A 52,992 sq feet Good Class Bungalow (GCB) plot on Holland Rise has been put up for sale for $106 million. This turns out to a land rate of $2,000 psf, according to a press release by Knight Frank Singapore, the sole advertising representative for this sale.
Cape Royale Ho Bee Land & IOI Properties
Provided the measurements of the property, there is possibility for the location to be partitioned right into 2 or 3 GCBs, states Knight Frank. It also mentions that the plot is about three times beyond the minimal property dimension of 1,400 sq m (15,064 sq ft) needed to be considered a GCB property development.
Sai incorporates: “Bigger is definitely better– prospective buyers are flooded with multiple options in terms of style and also will be able to construct a sensational home of their aspirations.”
” The residence enclave offers a calm plus carefree vibe, and is highly searched for by prospective house customers,” claims Mary Sai, managing supervisor of Capital Markets, Knight Frank Singapore.
